Stories for July 2017

The UK has slipped down the list of preferred destinations for Chinese millionaires considering moving overseas, a report suggests. While the US remains the favorite place to settle, Canada now ranks second pushing Britain into third spot.

China's HNA Group linked to the air and travel industry will add Latin America to its investment portfolio through the purchase of a controlling stake in Rio de Janeiro's largest airport, Aeroporto Internacional Antônio Carlos Jobim – Galeão (GIG Airport).

Mexico will delay its next offshore oilfield auctions by a month, giving international bidders more time to evaluate recent major crude discoveries that highlight the potential value of the assets. A new billion-barrel find announced last week confirms that the Mexican side of the Gulf of Mexico is very prolific, said Juan Carlos Zepeda, Mexico’s chief oil regulator in an interview.

The World Medical Association has urged the Venezuelan Government to take immediate action to resolve the country's serious health crisis, which it says has led to increased morbidity, mortality and malnutrition among infants.

British consumers are no longer to be charged extra for paying by debit or credit card, the government has said. From January next year, businesses will not be allowed to add any surcharges for card payments. The worst offenders currently are airlines and food delivery apps, and small businesses which typically add a fee for cards.

Argentina's central bank hiked interest rates on its short-term securities on Tuesday in its monthly auction, the second such increase in the past three months as it seeks to soak up pesos and rein in stubbornly high inflation.

The UK economy is on course for an even deeper slowdown as consumer spending and business investment take a hit from uncertainty surrounding the Brexit negotiations, new research has found. Britain’s GDP is expected to drop from 1.8% growth last year to 1.5% in 2017 and to 1.4% in 2018, according to PwC’s UK Economic Outlook.

Controversy has erupted in Argentina following the release in Facebook of clandestine pictures from the current exhumation works at the Darwin Cemetery in the Falklands with the purpose of identifying the remains of Argentine combatants in at least 95 graves with tombstone reading, “Argentine soldier, known only to God”.

In a statement released Monday night, President Trump threatened to impose economic sanctions on Venezuela should the nation’s president, Nicolas Maduro, follow through on his pledge to create a “constituent assembly” capable of rewriting Venezuela’s constitution.

The former leader of the UK Independent Party and great promoter of the Leave position in the Brexit referendum Nigel Farage, has mentioned Argentina and Falklands policy as proof that Britain’s foreign aid budget is being spent in completely the wrong places.